The Monetary Authority of Singapore (MAS) unveils the Digital Acceleration Grant, fortifying Singapore’s startup ecosystem. Tailored for small to mid-sized financial entities, this grant aims to boost innovation and resilience within the sector.

Key Details

Funding Rates:

    • 80% co-funding until Dec 31, 2021.
    • 70% co-funding thereafter.

      Project Duration:

      • 1 year for individual institution projects.
      • 2 years for industry pilots.


        • Singapore-based FinTechs certified by the Singapore FinTech Association.
        • Not more than 200 employees.

Grant 1: Institution Project

Supporting individual FinTechs, this grant encourages the adoption of digital solutions with a focus on:

  • Cloud services.
  • Compliance tools.
  • Customer engagement solutions.
  • Data-related services.
  • Enterprise and office productivity tools.
  • Security solutions.

Qualifying expenses, capped at $120,000 per entity, include hardware, software, and professional services.

Grant 2: Industry Pilot

This track supports joint projects by multiple FIs, fostering collaboration to customize existing solutions. Eligible categories include:

  • Cloud services.
  • Customer engagement tools.
  • Office productivity tools.
  • Compliance tools.
  • Data-related services.
  • Enterprise services.
  • Project management tools.
  • Security solutions.

Qualifying expenses, capped at $100,000 per entity, cover hardware, software, professional services, and manpower.

Application Process

Submit the application form to

If you seek guidance on leveraging these grants for your FinTech venture, contact us. Transform your financial operations with MAS Digital Acceleration Grant.